Hengmingda Electronics announces third restricted stock release

Suzhou Hengmingda Electronic Technology Co., Ltd. (Hengmingda Electronics) has announced the upcoming listing and circulation of 440,400 restricted shares, representing 0.1719% of the company's total share capital. This release pertains to the third restricted period of its 2022 restricted stock incentive plan, with the shares becoming eligible for trading on December 8, 2025.

The release follows the achievement of performance targets for 2024, with the company's net profit attributable to shareholders reaching 456,854,971 yuan, surpassing the 450,000,000 yuan target. All 41 eligible incentive recipients achieved an "A" performance rating, allowing for a 100% unlocking ratio for their respective shares.

The restricted shares are held by 41 incentive recipients, including directors and senior management. Notably, Qi Jun, director and deputy general manager, will see 110,000 shares released, and Wu Zhixing, director and financial officer, will have 100,000 shares released. The remaining 230,400 shares belong to management and key personnel.